QWEST CORP
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-1.33B | $1.49B | $-831.0M | $1.92B | $2.11B | $1.71B | $1.83B | $1.67B |
| Depreciation & Amortization | $685.0M | $753.0M | $823.0M | $860.0M | $1.01B | $1.32B | $1.36B | $1.44B |
| Depreciation | $652.0M | $712.0M | $756.0M | $781.0M | $833.0M | $834.0M | $831.0M | $855.0M |
| Amortization | $33.0M | $41.0M | $67.0M | $79.0M | $176.0M | $481.0M | $533.0M | $581.0M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $1.76B | $2.19B | $2.39B | $2.63B | $3.03B | $3.07B | $3.33B | $3.79B |
| Investing Activities | ||||||||
| Capital Expenditures | $824.0M | $1.05B | $1.06B | $849.0M | $797.0M | $1.09B | $1.06B | $1.04B |
| Business Acquisitions | — | — | — | — | — | — | $0 | $0 |
| Net Cash from Investing Activities | $-1.51B | $-1.89B | $-466.0M | $-1.35B | $-751.0M | $754.0M | $-1.72B | $-1.15B |
| Financing Activities | ||||||||
| Dividends Paid | $0 | $0 | $1.98B | $0 | $570.0M | $1.73B | $1.60B | $1.28B |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-238.0M | $-287.0M | $-1.92B | $-1.27B | $-2.29B | $-3.81B | $-1.61B | $-2.63B |
| Net Change in Cash | $12.0M | $16.0M | $2.0M | $6.0M | $-11.0M | $11.0M | $-3.0M | $4.0M |
| Free Cash Flow | $938.0M | $1.15B | $1.33B | $1.78B | $2.24B | $1.98B | $2.28B | $2.75B |